Volkswagen Group

Electric Motorcycle Market size to grow by USD 109.78 billion from 2022 - 2027| The increase in demand for e-motorcycles to drive the market growth- Technavio

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Wednesday, December 6, 2023
Safety, Internet of things, Harley-Davidson, Air pollution, Urbanization, Risk, Data aggregation, SLA, USD, Scooter (motorcycle), COVID-19, Volkswagen, Geography, Communication, Volkswagen Group, Growth, Government, Transport, Renewable energy

The market size is set to grow by USD 109.78 billion between 2022 and 2027 and register a CAGR of 24.05%.

Key Points: 
  • The market size is set to grow by USD 109.78 billion between 2022 and 2027 and register a CAGR of 24.05%.
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    The increase in demand for electric motorcycles is significantly driving the growth of the e-motorcycles market.
  • In recent years, there has been a significant rise in the demand for electric motorcycles and similar environmentally friendly alternatives.
  • High-performance Electric Motorcycle Market : The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027.

Mobility-as-a-Service Market to grow at a CAGR of 33.84% by 2027, The increase in the use of smart connected devices is notably driving market growth - Technavio

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Tuesday, December 5, 2023
BMW, M2M, Organization, GPS, Jump, General Motors, USD, Transport, Volkswagen, RFID, Volkswagen Group, BMW AG, Growth, M2H, Mercedes-Benz Group, Mobile phone

The increase in the use of smart connected devices is notably driving market growth.

Key Points: 
  • The increase in the use of smart connected devices is notably driving market growth.
  • The number of connected devices is increasing and is making it difficult to manage, monitor, and maintain the devices for organizations.
  • High bandwidth is needed to connect multiple devices to transfer data between servers and smart devices.
  • Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

In-Car Wi-Fi Market to grow by USD 270.53 billion from 2023 to 2028 | Market is fragmented due to the presence of prominent companies like AB Volvo, Bayerische Motoren Werke AG and BYD Co. Ltd., and many more - Technavio

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Thursday, November 30, 2023
BMW, FCA, JLR, Porsche, Mercedes-Benz Group, LTE, General Motors, Volvo, SsangYong Motor, USD, Mahindra, Mercedes-Benz, BYD, Volkswagen, Ford Motor Company, NIO, Volkswagen Group, Growth, Original equipment manufacturer, Geography, Tesla, Inc., Automotive industry, Mobile phone, Speciality chemicals, Nissan, Daimler

The in-car Wi-Fi market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The in-car Wi-Fi market is fragmented owing to the presence of many global and regional companies.
  • A few prominent companies that offer in-car Wi-Fi market are AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dr. Ing.
  • Europe will have the largest share of the market, with a contribution of 50% to the global market growth.
  • The automotive rear-seat infotainment market size is estimated to grow at a CAGR of 11.92% between 2022 and 2027.

Motor Racing Telematics (MRT) Market to grow by USD 241.43 million from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Agero Inc., Airbiquity Inc. and Aptiv Plc, and many more - Technavio

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Wednesday, November 29, 2023
Carbon, Verizon Communications, Vodafone, Application, MRT, Airbiquity, PTC, USD, Continental AG, Aptiv, ECall, FCC v. AT&T Inc., Volkswagen, Visteon, Volkswagen Group, Growth, IEEE, Octo Telematics, Geography, Agerø, Mobile phone, M2M

The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.
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    Agero Inc. - The company offers motor racing telematics such as Agero connected vehicle service.
  • Airbiquity Inc. - The company offers motor racing telematics such as Airbiquity safety and security software.
  • The automotive telematics market size is estimated to grow at a CAGR of 18.34% between 2022 and 2027.

Electric Motorcycle Market to grow by USD 109.78 billion from 2022 to 2027- Technavio

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Tuesday, November 14, 2023
BMW, KTM, Harley-Davidson, SLA, USD, ECU, OX, Motorcycle, Lead, Volkswagen Group, Geography, Government, BMW Motorrad, Music, Speciality chemicals, Electricity

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%.

Key Points: 
  • NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%.
  • The electric motorcycle market is fragmented owing to the presence of many global and regional companies.
  • China, with its large population and government support for electric vehicles, commands the largest market share, with electric motorcycle sales in 2022 expected to surpass 1.28 million units.
  • The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027.

FLEETCOR Reports Third Quarter 2023 Financial Results

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Wednesday, November 8, 2023
Finance, Banking, Payments, Professional Services, Technology, Sale, NYSE, Financial result, GAAP, Acquisition, Growth, ID, Webcast, Fleetcor, Panther, Volkswagen Group, FLEETCOR, Pharmaceutical industry, Video game, Bank, Satellite navigation device, Reinsurance, Security (finance), EBITDA

FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.

Key Points: 
  • FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.
  • Net income increased 9% to $271.5 million in the third quarter of 2023, compared to $248.9 million in the third quarter of 2022.
  • EBITDA1 increased 13% to $528.9 million in the third quarter of 2023, compared to $466.4 million in the third quarter of 2022.
  • The Company will host a conference call to discuss third quarter 2023 financial results today at 5:30 pm ET.

Aeva Reports Third Quarter 2023 Results

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Wednesday, November 8, 2023
Technology, Semiconductor, Automotive, Automotive Manufacturing, Manufacturing, Software, Hardware, Autonomous Driving, Vehicles, Robotics, Aeva Maurelle, OEM, Sale, NYSE, Oppenheimer, GAAP, Lidar, Entrepreneurship, SOP, Tier 1, Adage Capital Management, Time of flight, Volkswagen Group, Automotive industry, Bank, Security (finance)

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2023 results.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2023 results.
  • Subsequent to the quarter end, Aeva made the strategic decision to bolster its balance sheet with additional capital and entered into agreements for a capital raise of $145 million with existing long-term stockholders.
  • In addition, on November 8, 2023, the Company entered into a Standby Equity Purchase Agreement (the “Facility Agreement”) with Sylebra.
  • Aeva will host a conference call and live webcast to discuss results at 2:30 p.m. PT / 5:30 p.m.

Innoviz Reports Third-Quarter 2023 Results, Delivering Strong Sequential and Year-Over-Year Revenue Growth

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Wednesday, November 8, 2023
Volkswagen Group, Velodyne Lidar, COGS, Electronics, RFQ, BMW Group Plant Dingolfing, TEL, Shuttle, Certification, Lidar, MRM, Level 3, SOP, Consumer Electronics Show, Tier 1, ASIC, CES, BMW, NRE, Automotive industry, Cryptocurrency, Video game

TEL AVIV, Israel, Nov. 8, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the third quarter ended September 30, 2023 and reiterated 2023 commercial and financial targets.

Key Points: 
  • The change highlights the flexibility of the platform and is expected to increase the total revenue content per vehicle available to Innoviz.
  • The 138% quarter-over-quarter increase in revenues was driven by strong growth in InnovizTwo unit sales, which increased 102% sequentially, coupled with incremental NRE revenue.
  • Operating expenses in Q3 2023 were $27.8 million, a decrease of 11% compared to operating expenses of $31.3 million in Q3 2022.
  • Operating expenses for Q3 2023 included $5.0 million of share-based compensation compared to $4.9 million of share-based compensation in Q3 2022.

FLEETCOR® Acquires PayByPhone, a Global Digital Parking Company

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Tuesday, November 7, 2023
Data Management, Consumer Electronics, Automotive, Technology, Payments, General Automotive, Apps, Applications, Software, Networks, Mobile, Wireless, Fleet Management, Volkswagen Group, FLEETCOR, Acquisition, Fleetcor, NYSE, Retail, Online shopping

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the acquisition of PayByPhone, a global provider of digital parking payment solutions.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the acquisition of PayByPhone, a global provider of digital parking payment solutions.
  • The acquisition expands FLEETCOR’s vehicle payment solution set for both its fleet customers and consumers.
  • First, by providing our customers access to one of the world’s leading parking apps, it helps expand the vehicle payment solutions we provide our B2B fleet customers in North America and Europe.
  • Our strategy is to deliver our existing payment products and networks through a single mobile app to PayByPhone’s UK customers.

Global Light Vehicle Production Market Accelerates at 10.20% CAGR in 2023, Driven by Rising Demand for SUVs and Technological Advancements - ResearchAndMarkets.com

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Wednesday, November 1, 2023
General Automotive, Automotive Manufacturing, Manufacturing, Automotive, Shift, Aston, Geely, McLaren Group, SUV, Big data, Use, Mercedes-Benz Group, Workforce, Carbon, Original equipment manufacturer, Electric vehicle, Artificial intelligence, Toyota, Individual, BMW, Tesla, Inc., Growth, Transport, Mercedes-Benz, General Motors, COVID-19, Business, Gasoline, Volkswagen Group, Safety, Compound annual growth rate, Ford Motor Company, Car rental, Automotive industry, Renewable energy, Hatchback, Diesel, Audi, Porsche, Maintenance, Electricity

Additionally, the global premium vehicle production market is projected to reach 11.31 million units in 2023, experiencing a CAGR of 8.28% during the same period.

Key Points: 
  • Additionally, the global premium vehicle production market is projected to reach 11.31 million units in 2023, experiencing a CAGR of 8.28% during the same period.
  • The global premium vehicle market has seen substantial growth recently, driven by customer preferences shifting from sedans to SUVs and rising disposable incomes.
  • By Vehicle Type: The global light vehicle production market is segmented into two categories: passenger cars and light commercial vehicles.
  • Rising Demand for SUVs: The global demand for SUVs is on the rise, driving the growth of the light vehicle market.